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Number of Guernsey based funds grows

The number of funds serviced in Guernsey has increased by 14 per cent to 894 from 783 over the 12 months to June 2001, according to research by publishers Fitzrovia International.

Guernsey International Fund Managers is the largest fund administrator, administering $8.7bn of fund assets in Guernsey, with Credit Suisse & Helvetia Fund Administration second largest, administering $6.9bn and Management International coming third on $5.6bn.

Alternative investment funds grew from 12 to 30 funds over the year, with a total of $788m of fund assets.

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